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Brazil’s Guedes to show prosecutors he did nothing wrong regarding offshore investment By Reuters


© Reuters. Brazil’s Economy minister Paulo Guedes participates in a ceremony at Planalto Palace Brasilia, Brazil on September 2, 2021. REUTERS/Adriano Machado/Files

BRASILIA (Reuters – Brazil’s Economy Minister Paulo Guedes has promised to provide voluntary evidence to the Supreme Court as well as prosecutors, proving that he didn’t violate any law or have conflicts of interest regarding offshore investments. His lawyers stated this on Tuesday.

This statement is made after Guedes was identified in news reports from the consortium of media outlets that covered the “Pandora OTC: Papers” data dump. It prompted a preliminary investigation in Brazil by prosecutors.

According to the PGR, there was no crime at first.

Guedes’ attorneys claimed Guedes was removed from Dreadnoughts offshore investment vehicle management in 2018 and had given up any financial participation. Guedes hadn’t moved money abroad since joining the government, they said.

Brazilian newspaper Piaui, and El Pais Brasil were the first to report on this offshore investment.

International Consortium of Investigative Journalists – a Washington D.C.-based network of media journalists and organizations said that the files had been linked to approximately 35 national leaders and over 330 public officials from 91 countries.

The consortium did not disclose how they obtained the files, and Reuters was unable to independently confirm the claims or verify documents.

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